Real-time funds disbursement

What are real-time  disbursements?

Real-time funds disbursements in banking refer to the ability to instantly transfer funds from one account to another, providing recipients with immediate access to those funds.

This is achieved through digital payment methods like push-to-card, where funds are directly credited to a recipient’s virtual or physical card. Real-time disbursements reach the recipient’s card, Visa, Mastercard, Google Wallet or Apple Pay account in real-time – within milliseconds.

The benefits of real-time disbursements

Real-time funds disbursements have been shown to significantly enhance customer satisfaction, in a world where speed increasingly drives desire.

Research shows that 33% of consumers would be willing to pay a fee to receive money in real time, and 2 out of 3 consumers would be more likely to continue doing business with firms that provide real time payment options. Instant payments reached a global market value of $10.6 billion in 2020 and are expected to grow at a compound annual growth rate (CAGR) of 33% from 2021 to 2028*.

How does it work?

Real-time disbursements can be integrated into our customisable payment and funds disbursement solutions, enabling seamless and convenient payment experiences for your customers, suppliers or staff.

Real-time disbursement facilities remove any need to enter multiple details such as bank sort codes and account numbers. Simply enter the 16-digit card number of the account to be paid, and the transaction is completed immediately.

Immediate access to funds

Traditional payment methods often involve processing delays that can last from a few hours to several days. In contrast, real-time funds disbursements ensure that payments are processed almost instantaneously, allowing recipients to access their funds within milliseconds of transaction approval. This immediacy can be particularly beneficial for industries where cash flow is crucial, and global operations dealing with different time zones.

Operational efficiency

Real-time funds disbursements streamline the payment process by eliminating the waiting periods associated with batch processing and bank schedules. This efficiency not only speeds up transactions but also reduces administrative burdens associated with managing and tracking payments. By adopting real-time payments, businesses can improve their operational efficiency, with better management of daily operations, expenses and working capital needs.

Competitive advantage

Adopting real-time disbursements can provide a competitive edge by enabling more agile financial operations. Businesses that offer faster payments are seen as more attractive to work with, attracting partners and clients who value efficiency and modern payment solutions. This advantage can be crucial in industries where timing and reliability are key factors in securing and maintaining business relationships.

Reduced transaction costs

While traditional payment systems often involve various fees, including transaction and processing fees, real-time funds disbursements can be more cost-effective. By leveraging direct bank connections and bypassing intermediaries typically required in conventional payment processing, businesses can reduce per-transaction costs significantly, leading to substantial savings, especially at scale.

Security and compliance

Our real-time funds disbursement solutions are built with security at their core, employing state-of-the-art encryption and fraud detection technologies to protect every transaction.

Visa Direct™ and Mastercard Send™ transactions are supported by the same built-in compliance controls, security and transaction limits that we offer across all our turnkey card issuing and funds disbursement solutions.